CLAREMONT NEIGHBORHOOD CENTERS INC (EIN 136016450) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

Abraham Jones

Phone

7185881000

Tax Period

2023-07-01 to 2024-06-30

CLAREMONT NEIGHBORHOOD CENTERS INC, founded in 1956, is a community nonprofit in the Human Services sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $4.0M left a modest 3% surplus.

Mission

Provide social and recreational services to individuals living in the Claremont community of the Bronx, NY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,975,228

Program Service Revenue $154,393

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,129,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,297,757

Fundraising Expenses $2,801

Program Expenses $3,624,742

Other Expenses $706,042

TOTAL EXPENSES $4,003,799

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,129,621	$2,917,430	+0.4%
Expenses	$4,003,799	$3,373,241	+0.2%
Net Income	$125,822	$-455,811	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$230,573

Total Directors

Key Employees

$186,228

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Abraham Jones	Executive Director	35	Officer	$230,573	$0	$230,573
Christopher Wilson	Deputy Executive Director	35	Key Emp	$186,228	$0	$186,228
Cornell Nolton	President	1	Officer Director	$0	$0	$0
Grace Hunter	Secretary	1	Officer Director	$0	$0	$0
Charles Greene	Treasurer	1	Officer Director	$0	$0	$0
Joetta Brown	Member	1	Director	$0	$0	$0
Luis Torres	Member	1	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$4,129,621	$4,003,799	$338,747	$125,822
2023	$2,917,430	$3,373,241	$634,974	$-455,811
2022	$3,112,060	$3,177,775	$407,840	$-65,715
2021	$2,991,448	$2,719,488	$740,188	$271,960
2020	$2,550,058	$2,550,335	$537,044	$-277

CLAREMONT NEIGHBORHOOD CENTERS INC